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Norwegian Energy increases conversion price on convertibles due 2019
By Tali Rackner
Norfolk, Va., Oct. 1 – Norwegian Energy Co. adjusted the conversion price on its convertible bond due 2019 to NOK 30 from NOK 0.30 following a reverse split of shares, according to a notice from Nordic Trustee ASA.
In addition, the nominal value of the shares was increased to NOK 10 from NOK 0.10.
The issuer is a Stavanger, Norway-based oil and gas company.
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